Mining industry to be back on its feet by Dec end: Parrikar

Panaji: The Goa government is hopeful that the iron ore mining industry, which is foreseeing a crisis, would be “back on its feet” by this year-end, Chief Minister Manohar Parrikar said.

The Supreme Court had on Wednesday quashed the second renewal of 88 iron ore mining leases in Goa in 2015, saying the sole motive of the companies behind the commercial activity was profit maximisation and no social purpose was attached to it.

The apex court had asked these mines to stop operating from March 15.

Parrikar said the Supreme Court order referred only to mining leases and that there was no ban on mining exports.

“Our current mining inventory will last till December and I foresee the mining industry to be back on its feet by the end of December 2018,” Parrikar said to a question on the impact of the SC judgement.

He was speaking during an interaction with participants at the Goa BizFest 2018, organised by private industrial bodies on Friday.

According to the chief minister, an interim measure was to introduce agriculture in the mining areas, as was done by the government in 2012-13 when the apex court had banned mining activity for the first time.

He, however, dismissed the possibility of his government taking any legal recourse in response to the SC order.

The CM had earlier said his government will explore all options, including auction of mining leases, to ensure that the mining industry is not affected by the SC order.

He also said that all proposals, for setting up various industries in the state, lying pending before the Investment Promotion Board would be cleared by the end of the current financial year on March 31.

“No proposal would be kept pending after that,” said Parrikar, who heads the board which is a single-point window for investment proposals in the coastal state.